There are as many reasons for disputes between members in your LLC in San Diego as there are LLCs in San Diego. The key to a business dispute is not to ignore the problem, but to take action to resolve it.
What Causes Disputes Between Members in Your LLC in San Diego?
What happens when there is a dispute between co-owners of a business? What are some of the most common causes of disputes between members in your LLC in San Diego? The first document that should answer this question is the operating agreement, a part of the corporate documents that should have been a part of the formation of your LLC. The operating agreement should specify remedies for many common issues that arise between members in an LLC including, but not limited to:
- What happens when a major life event occurs (divorce, bankruptcy, disabling illness, death)
- Valuation of a Member’s Interest in the LLC
- How to Handle Members Who Commingle Funds and Assets
- What Happens When One of the Parties is Unable or Unwilling to Fulfill Their Role
- Inability to Contribute Needed Capital (Capital Call)
The Watkins Firm has more than four decades of experience resolving disputes between members in your LLC in San Diego and helping your team to find common ground, resolve the dispute at hand and move forward with your business. We can help to modify corporate documents such as the operating agreement, and represent members in an LLC in each phase of a dispute including: negotiation, mediation, arbitration and litigation.
Most disputes are settled, and our attorneys employ leveraged negotiations to establish a productive working atmosphere that is designed to get to the root of the issue(s) and develop options that will resolve the dispute. Your Watkins Firm dispute resolution attorney is able to resolve the vast majority of our LLC member disputes through effective, leveraged negotiation. This is the fastest and most cost-efficient path to resolve the conflict at hand and move forward.
Business Mediation and Arbitration
We represent clients in business mediation and arbitration. While it is rare for a member dispute to go to arbitration it is important to work with experienced, proven trial attorneys who are prepared for every contingency. The majority of these cases that are not resolved through negotiation are settled in mediation. Mediation is a private, confidential legal venue that keeps your personal, financial and business information out of the public record while facilitating a cost-effective and positive resolution to the dispute at hand.
Disputes between members in your LLC in San Diego distracts the key players from the important focus of business development and managing existing business. If you are involved in a dispute with a partner or co-member in an LLC we invite you to review our podcast episode 11 – Resolving Business Disputes as well as the strong recommendations of our clients and contact the Watkins Firm or call 858-535-1511 for a complimentary consultation today.
Learn about our unique approach to resolving disputes, and how we work to resolve them as quickly and cost-effectively as possible.
